Enron Scandal
Donkey punch was one of several slang terms used by Enron traders to refer to their price gouging methods. During investigations into the 2004 Enron scandal, over manipulation of the electricity market in California, recordings of Enron traders were uncovered dating from 2000 and 2001. In the recordings fraudulent accounting schemes were referred to using slang, including the term "Donkey Punch." The 2007 report by the Federal Energy Regulatory Commission was unable to identify the meaning that Enron had attached to the term "Donkey Punch". U.S. Senator Maria Cantwell, in a 2004 press release about the Enron hearings, identified the Donkey Punch as "a crude pornographic term", one of many "lewd acts" that Enron employees used to describe their schemes. Cantwell asked the Federal Energy Regulatory Commission to take down the e-mails that were on its website due to the content.
Read more about this topic: Donkey Punch
Famous quotes containing the word scandal:
“The day the world ends, no one will be there, just as no one was there when it began. This is a scandal. Such a scandal for the human race that it is indeed capable collectively, out of spite, of hastening the end of the world by all means just so it can enjoy the show.”
—Jean Baudrillard (b. 1929)